Cassia Gum Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Cassia Gum Market Insights and Forecast - 2027

Cassia gum is defined as flour made from the endosperms of seeds of Senna tora and Senna obtusifolia (herbaceous plants). It consists of at least 75% polysaccharide with galactomannan and mannose in a ratio of 5:1. It has a relatively high molecular mass of 200,000 to 300,000 Da. It is added to the list of approved food additives by the Japanese Ministry of Health and Welfare. It is also approved by the European Union for its use in human food applications. In addition, it is used as a stabilizer for frozen dairy desserts and comes in two grades, which include food grade and pharmaceutical grade.  Cassia gum acts as a perfect thickener and gelling agent hence, is widely used in industries including pharmaceutical, animal feed, food & beverages, bread & confectionery, dairy, personal care, and textile.

COVID-19 Scenario Analysis

• The global market for cassia gum is severely impacted by the outbreak of the COVID-19 pandemic. Countries in Asia-Pacific have been taking measures to mitigate the spread of the virus. These mitigation measures have contributed to slowing of economic activities and livelihoods of employees in the region.
• Owing to the outbreak of the COVID-19 pandemic, the cassia gum-based industries have been hard hit due to demand and supply chain disruptions, decreased productivity rates, and health issues of the workforce.
• Decreased capital resources and potential global recession due to the wake of the COVID-19 pandemic has also declined the demand for cassia market for new market players due to price hike amid the COVID-19.
• However, rise in demand for meat, aquaculture, dairy products, and other packed food items where cassia gum is used as a food additive is expected to propel the market growth.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rise in demand for packed food items across developed countries such as the U.S, Switzerland, and Australia where cassia gum is widely used as a food additive act as the key driver for the market growth. Moreover, cassia gum is used as thickener, emulsifier, and moisture retention agent among different industries such as agrochemicals, textiles and pharmaceuticals, which propels the market growth. However, health hazards associated with consumption of cassia gum such as slow absorption of sugar and swelling of intestines is expected to hamper growth of the cassia gum market in the coming future. Conversely, expansion of pharmaceutical sectors is expected to create new opportunities for the Cassia gum market, owing to its use as a stabilizing agent for medicines and other health care products.

Key benefits of the report

• This study presents the analytical depiction of the global cassia gum market along with the current trends and market estimation to determine the imminent investment pockets.
• The report represents information related to key drivers, restraints, and opportunities along with a detailed analysis of the cassia gum market share.
• The current market is quantitatively analyzed to highlight the cassia gum market growth scenario.
• The report provides a detailed market analysis depending on competition and how the competition will take shape in the coming years.
• This report helps users in comprehending the key product segments and their future.

Questions answered in the global cassia gum market research report:

• What is the CAGR of the cassia gum market?
• Which are the leading players active in the global cassia gum market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What should be the response of cassia gum market players amid the COVID-19 pandemic?
• What are the projections for the future that would help in taking further strategic steps?
• What is the outlook of the industry?

 Cassia Gum Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights